Although CMG was facing global financial crisis in 2008, the first year when it started, up to 12 million tons of physical commodity annual trading had been achieved by 2018, 13.36 million tons by 2020. During the past 13 years, CMG has been based on the good reputation, guided by the market trend, and driven by the internal structure optimization, adjusted the business strategy to meet the development needs. With the great efforts made by the Group leaders and colleagues, CMG has won its initial success by enlarging the customer and supplier groups, improving its operational efficiency, and breakthrough introducing financial derivatives to comply with the iron ore market trends, also improved its market changes responding and profitability.
Introducing Hedging Model
International iron ore market mechanism changes frequently, then market price mechanism fluctuate accordingly. In order to ensure the fundamental interests of our clients and reduce risks or lock in marginal profits, the Group introduced financial derivatives professionals to perfect the hedging model, and established an internal relatively independent risk prevention and control team of the Group for physical commodity and iron ore derivation swap, by incorporating raw material hedge into risk control management, with corresponding adjustments and corrections, trading risks have been reduced to a manageable range.In order to achieve a more perfect combination of futures and spot, the hedging model is also constantly updated and improved through our trading practice, by continuously improve the ability of risk control, so as to obtain a more stable growth space for physical trade, the Group and its clients will achieve a win-win situation.
Expanding Client andSupplier Groups
CMG always adheres to the business philosophy of “Integrity-based”, which earns the trust of clients and the good reputation in the industry. CMG has established long-term partnerships with a number of clients so far, and set up a joint venture named Bright Fortune Resource in Singapore with a Chinese steel enterprise in 2015, strengthened its deep cooperation in the supply chain.With the increasingly fierce market competition, CMG makes full use of the advantages of its own shipping company to provide clients with stable supply of raw materials in a way of lower shipping costs and more flexible shipping schedule. While meeting needs and interests of its clients, CMG is gradually strengthening cooperation with mines. More than 50% of the resources come from the world's three major mines every year, and initiatively participate in the bidding of Global Ore and COREX platforms. CMG has won a high market reputation through many years of commodity supply, logistics services, and financial support. Therefore, CMG established long-term strategic partnerships with many banks in Hong Kong and obtained large credits, which laid a solid financial foundation for the long-term development of the Group and the protection of clients' interests.
Satisfaction Guaranteed
We provide you with iron ore and coal resources from the world's major mines.And also letter of credit issuance and financing business. We provide you with iron ore spot retail services in major ports across the country.For more information, feel free to contact our Marketing Specialists.
The iron ore trade will be gradually financialized. In view of the ever-changing market circumstances, optimizing the operating structure and increasing trade varieties and services will be the development strategy for CMG. To fulfill and guarantee clients’ needs and pursue further development of the Group, CMG will continue taking iron ore as core business, and increasing coke, coal and steel products trading simultaneously.
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